DTE ENERGY COMPANY (DTE)
US2333311072 - Common Stock
Taking everything into account, DTE scores 3 out of 10 in our fundamental rating. DTE was compared to 26 industry peers in the Multi-Utilities industry. DTE has a medium profitability rating, but doesn't score so well on its financial health evaluation. DTE is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year DTE was profitable.
DTE had a positive operating cash flow in the past year.
Each year in the past 5 years DTE has been profitable.
DTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.11%, DTE is doing good in the industry, outperforming 69.23% of the companies in the same industry.
DTE's Return On Equity of 12.62% is amongst the best of the industry. DTE outperforms 80.77% of its industry peers.
With a decent Return On Invested Capital value of 4.44%, DTE is doing good in the industry, outperforming 76.92% of the companies in the same industry.
DTE had an Average Return On Invested Capital over the past 3 years of 3.85%. This is in line with the industry average of 3.73%.
The last Return On Invested Capital (4.44%) for DTE is above the 3 year average (3.85%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 12.62% | ||
| ROIC | 4.44% |
ROA(3y)2.64%
ROA(5y)2.74%
ROE(3y)11.13%
ROE(5y)10.88%
ROIC(3y)3.85%
ROIC(5y)3.75%
1.3 Margins
DTE's Profit Margin of 10.94% is on the low side compared to the rest of the industry. DTE is outperformed by 69.23% of its industry peers.
DTE's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 17.72%, DTE is doing worse than 69.23% of the companies in the same industry.
DTE's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.72% | ||
| PM (TTM) | 10.94% | ||
| GM | N/A |
OM growth 3Y2.22%
OM growth 5Y7.99%
PM growth 3Y-0.84%
PM growth 5Y6.81%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DTE is destroying value.
The number of shares outstanding for DTE has been increased compared to 1 year ago.
The number of shares outstanding for DTE has been increased compared to 5 years ago.
The debt/assets ratio for DTE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.93, we must say that DTE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.93, DTE is doing good in the industry, outperforming 76.92% of the companies in the same industry.
A Debt/Equity ratio of 1.69 is on the high side and indicates that DTE has dependencies on debt financing.
The Debt to Equity ratio of DTE (1.69) is worse than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.93 |
ROIC/WACC0.7
WACC6.31%
2.3 Liquidity
A Current Ratio of 0.60 indicates that DTE may have some problems paying its short term obligations.
The Current ratio of DTE (0.60) is worse than 84.62% of its industry peers.
A Quick Ratio of 0.42 indicates that DTE may have some problems paying its short term obligations.
DTE has a worse Quick ratio (0.42) than 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
DTE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.07%.
Measured over the past years, DTE shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.91% on average per year.
The Revenue for DTE has decreased by -33.72% in the past year. This is quite bad
DTE shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.16% yearly.
EPS 1Y (TTM)-6.07%
EPS 3Y-7.29%
EPS 5Y-1.91%
EPS growth Q2Q50.38%
Revenue 1Y (TTM)-33.72%
Revenue growth 3Y1.53%
Revenue growth 5Y-2.16%
Revenue growth Q2Q-24.17%
3.2 Future
DTE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.21% yearly.
Based on estimates for the next years, DTE will show a small growth in Revenue. The Revenue will grow by 1.85% on average per year.
EPS Next Y17.79%
EPS Next 2Y12.51%
EPS Next 3Y11.04%
EPS Next 5Y10.21%
Revenue Next Year-12.38%
Revenue Next 2Y-6.57%
Revenue Next 3Y-3.92%
Revenue Next 5Y1.85%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.47 indicates a rather expensive valuation of DTE.
Based on the Price/Earnings ratio, DTE is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of DTE to the average of the S&P500 Index (25.20), we can say DTE is valued slightly cheaper.
The Price/Forward Earnings ratio is 16.53, which indicates a correct valuation of DTE.
The rest of the industry has a similar Price/Forward Earnings ratio as DTE.
DTE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.47 | ||
| Fwd PE | 16.53 |
4.2 Price Multiples
DTE's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.94 |
4.3 Compensation for Growth
DTE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DTE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.09
PEG (5Y)N/A
EPS Next 2Y12.51%
EPS Next 3Y11.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.83%, DTE has a reasonable but not impressive dividend return.
DTE's Dividend Yield is comparable with the industry average which is at 4.48.
Compared to an average S&P500 Dividend Yield of 2.45, DTE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
5.2 History
The dividend of DTE has a limited annual growth rate of 1.23%.
DTE has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of DTE decreased recently.
Dividend Growth(5Y)1.23%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DTE pays out 53.95% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of DTE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP53.95%
EPS Next 2Y12.51%
EPS Next 3Y11.04%
DTE ENERGY COMPANY
NYSE:DTE (4/24/2024, 3:20:02 PM)
After market: 111.55 0 (0%)111.55
+1.43 (+1.3%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap23.03B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.47 | ||
| Fwd PE | 16.53 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 12.62% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.72% | ||
| PM (TTM) | 10.94% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-6.07%
EPS 3Y-7.29%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.79%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-33.72%
Revenue growth 3Y1.53%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y